@Fed Finjap now you're better prepared if you continue to scale and eventually hire a PMC!

It is a great business as long as you have some level as scale.

Larger properties offer economies of scale and better financing terms, but they also come with more complexities and higher upfront costs.

Trying to decide what is next as we scale.  

You are on a great trajectory and learning curve because you are learning from your mistakes and also preparing to move slowly instead of scaling before you are ready.

You should not get a PM until you have scaled to a level that requires it.

As someone actively investing in STRs and looking to scale, this raises some concerns for me about the long-term viability of this strategy.I understand the tension between hotels and STRs, especially in popular tourist destinations, but I’m curious:How real is this threat?

Scaling up properties requires cash flow or equity, continuous education, networking, mentorship, patience, and persistence.

While they generally have higher market Cap Rates than Class A properties, it is still variable whether they will have good cash flow or be an appreciation play.Class C Property:Continuing down the scale, Class C properties are generally 20 to 30 years old, and pull in blue-collar and moderate-to-lower income tenants who will generally be renters for life.

Not to mention it will create generational wealth for your family if you keep scaling up with leverage over a 10 year period or so.